Business
Business, 06.05.2021 21:30, wibi1963

The manager of the bank where you work tells you that your bank has $10 million in excess reserves. She also tells you that the bank has $400 million in deposits and $375 million dollars in loans. Given this information you find that the reserve requirement must be

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The manager of the bank where you work tells you that your bank has $10 million in excess reserves....

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